Hillsdale Investment Management Inc. Boosts Stake in PRA Group, Inc. (NASDAQ:PRAA)

Hillsdale Investment Management Inc. grew its stake in PRA Group, Inc. (NASDAQ:PRAA) by 75,251.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 203,450 shares of the business services provider’s stock after acquiring an additional 203,180 shares during the quarter. Hillsdale Investment Management Inc. owned about 0.52% of PRA Group worth $4,250,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. grew its stake in PRA Group by 117.4% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 34,087 shares of the business services provider’s stock valued at $762,000 after purchasing an additional 18,407 shares during the last quarter. Intech Investment Management LLC boosted its stake in shares of PRA Group by 69.0% during the 3rd quarter. Intech Investment Management LLC now owns 20,211 shares of the business services provider’s stock worth $452,000 after acquiring an additional 8,250 shares in the last quarter. FMR LLC increased its position in shares of PRA Group by 55.0% in the third quarter. FMR LLC now owns 1,707 shares of the business services provider’s stock valued at $38,000 after buying an additional 606 shares in the last quarter. Verition Fund Management LLC acquired a new position in shares of PRA Group during the 3rd quarter worth approximately $303,000. Finally, ClearAlpha Technologies LP acquired a new position in PRA Group during the third quarter worth $294,000. 97.22% of the stock is owned by hedge funds and other institutional investors.

PRA Group Stock Performance

NASDAQ PRAA opened at $20.37 on Friday. The business has a fifty day moving average price of $21.41 and a 200 day moving average price of $21.36. The company has a market cap of $804.82 million, a P/E ratio of 11.38 and a beta of 1.64. PRA Group, Inc. has a one year low of $18.09 and a one year high of $28.64.

PRA Group (NASDAQ:PRAA) last posted its earnings results on Wednesday, February 19th. The business services provider reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.02. PRA Group had a return on equity of 5.16% and a net margin of 6.33%. The company had revenue of $293.23 million for the quarter, compared to the consensus estimate of $275.81 million. As a group, sell-side analysts predict that PRA Group, Inc. will post 2.1 EPS for the current fiscal year.

PRA Group Profile

PRA Group, Inc, a financial and business services company, engages in the purchase, collection, and management of portfolios of nonperforming loans worldwide. It is involved in the purchase of accounts that are primarily the unpaid obligations of individuals owed to credit originators, which include banks and other types of consumer, retail, and auto finance companies.